Hawala
Virtual
Hawala
Works
To open
Free
Per month
Free
Use our code when you sign up, and you can redeem $10 once you have topped up $200 in total.
Last checked: 2026-07-31
A free EUR IBAN and a free virtual Visa card for receiving and spending foreign currency, plus a stablecoin wallet. No USD account is available to Algerians. There is no direct dinar cash-out — money leaves as stablecoins, which you then sell for dinars.
Status
| StatusWhether an Algerian can open it and whether it works. Not how many features it has. | Works |
|---|
Account details
| EUR IBANAn address for receiving euros from within the EEA, in your own name. | Yes |
|---|---|
| GBP accountAn account number and sort code for receiving British pounds from within the UK. | No |
| USD ACHAccount and routing numbers for receiving dollars sent from inside the United States. The cheap everyday rail — but the sender must be in the US. | No No USD account details are available to Algerians. |
| USD wireDetails for receiving dollars sent from outside the United States. Works from almost anywhere, but costs more and takes longer than ACH. | No No USD account details are available to Algerians. |
| StablecoinAn address for receiving stablecoins such as USDT or USDC. | Yes |
What it costs
| Compared across banks | |
|---|---|
| OpeningA one-off charge to open the account. | Free |
| MonthlyWhat the account costs every month on the cheapest usable plan. | Free |
| Foreign spendCharged when the card currency differs from the merchant currency. | 3% Up to 3% on non-USD spending, and a separate cross-border fee can add up to 3% more. Paying in USD to a US merchant was free when tested. |
| ATMWhat it costs to withdraw cash at an ATM. | Not supported The issuer's own rule, not a limitation of virtual cards — the card works in Google Pay. |
| Virtual cardA one-off charge to issue a card that exists only in the app. | Free |
| Physical cardA one-off charge to issue a plastic card posted to you. | Not supported |
| What else Hawala charges | |
| Receive stablecoins | $0 Free on most networks; some charge a small network cost. |
| Receive EUR (SEPA) | 0.5% Taken out of the amount received: 1,000 EUR arrives as 995 EUR. |
| Swap between currencies | $0 For example, swapping digital USD for digital EUR inside the account. |
| Withdraw to a bank account | $1 flat Plus the exchange-rate spread, which tracks the live market rate and is shown on the confirmation screen before you send. |
| Send an international wire | $1 flat Plus the exchange-rate spread. Intermediary banks may take their own cut on top, so the total cost varies; it is always shown before you confirm. |
| Send stablecoins to an external wallet | 10% Charged on the amount sent to a wallet outside Hawala, with possibly a small network cost on some networks on top. Spending straight from the Hawala card instead carries no transfer fee. |
Card
| TypeWhether the card is virtual, physical, or both. | Virtual |
|---|---|
| NetworkWhich network the card runs on — this decides where it is accepted. |
Opening an account
| Sign-upWhich identity documents you need to open the account. | National ID OK |
|---|
| PayingWhether you can use it to pay with PayPal. | Yes |
|---|---|
| WithdrawingWhether you can move money from PayPal into it. | No |
Bank account — Hawala's USD account details are not available to Algerians in the first place. Card — The card links and can be set as the default withdrawal card, but no test has confirmed a withdrawal actually completing. Currencies: USD An Algerian PayPal account can only link a US bank account. PayPal charges a flat $5 for an on-demand card withdrawal, and nothing for a scheduled monthly payout. This applies to every card, not just this one. | |
Hawala in particular
| USD bank account | Not available yet No USD bank account is available to Algerians yet — an EUR IBAN and a stablecoin wallet only. |
|---|---|
| Money in vs money out | Narrow in, wide out Incoming money is limited to SEPA (EUR) or crypto deposits, while outgoing send-money options are much wider: ACH, Fedwire and SWIFT, to many countries. |
| Stablecoin networks | Five more beyond Solana and Tron Ethereum, Base, Polygon, Arbitrum and Optimism are supported as stablecoin networks in addition to Solana and Tron. |
| What "zero fee" covers | Not sending stablecoins out Hawala's "send money with zero fee" messaging refers only to bank withdrawals or sending to another Hawala user. Sending stablecoins to an external wallet carries a steep 10% fee, which is easy to miss. |
| Exchange rate | Live market rate Transfers use the live market exchange rate rather than a fixed markup, with the exact cost always shown before you confirm. |